Market Chatter: Midea to Defend Market Share Following Xiaomi's Entry into Home Appliance Sector, Chairman Says

MT Newswires Live

05/21

Midea (SHE:000333, HKG:0300) Chairman and President Fang Hongbo said the company will defend its slice of the market amid Xiaomi's (HKG:1810) foray into the sector, Yicai Global reported Tuesday.

"Every single business Midea is in, Xiaomi has now entered," Yicai quoted Fang as saying.

Xiaomi's entry into the home appliance market is something Midea should tackle proactively, the report said, citing Fang.

Midea is adding higher value-added products but will also need to go down and engage actively in the market, Yicai said, citing Fang.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0831103253.SGD","symbol_name":"JPMorgan Funds - Asia Pacific Income A (mth) SGD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2537603674","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2537603674","pubTimestamp":1747808948,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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